Munjal Auto Industries Ltd
Incorporated in 1985, Munjal Auto Industries Ltd manufactures and sells auto components and designs, develops, tests, and produces various composite molds and products for different industries.[1]
- Market Cap ₹ 804 Cr.
- Current Price ₹ 80.4
- High / Low ₹ 146 / 60.0
- Stock P/E 23.3
- Book Value ₹ 41.6
- Dividend Yield 1.24 %
- ROCE 11.8 %
- ROE 10.1 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 38.4%
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 9.50% over last 3 years.
- Earnings include an other income of Rs.41.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
1,214 | 1,236 | 2,123 | 1,916 | 1,984 | 1,882 | 2,066 | 2,047 | |
1,143 | 1,190 | 2,040 | 1,833 | 1,894 | 1,761 | 1,949 | 1,932 | |
Operating Profit | 71 | 45 | 83 | 83 | 90 | 120 | 117 | 116 |
OPM % | 6% | 4% | 4% | 4% | 5% | 6% | 6% | 6% |
3 | 5 | 5 | 5 | 60 | 24 | 19 | 42 | |
Interest | 4 | 12 | 16 | 12 | 27 | 28 | 31 | 33 |
Depreciation | 20 | 32 | 39 | 36 | 53 | 56 | 59 | 60 |
Profit before tax | 49 | 7 | 33 | 41 | 70 | 61 | 46 | 65 |
Tax % | 23% | 44% | 38% | 27% | 27% | 38% | 15% | |
37 | 4 | 20 | 30 | 52 | 38 | 39 | 48 | |
EPS in Rs | 3.60 | 0.41 | 2.06 | 2.68 | 5.61 | 3.85 | 3.64 | 4.05 |
Dividend Payout % | 28% | 0% | 0% | 37% | 36% | 52% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 3% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 57% |
3 Years: | 16% |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 17% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Reserves | 277 | 269 | 291 | 317 | 364 | 381 | 396 |
47 | 123 | 147 | 116 | 282 | 276 | 350 | |
220 | 383 | 405 | 508 | 602 | 527 | 454 | |
Total Liabilities | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,219 |
200 | 343 | 303 | 263 | 416 | 399 | 440 | |
CWIP | 25 | 2 | 1 | 4 | 8 | 9 | 18 |
Investments | 7 | 21 | 26 | 118 | 104 | 171 | 129 |
332 | 430 | 531 | 576 | 740 | 626 | 633 | |
Total Assets | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,219 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
26 | 87 | 59 | 137 | 33 | 127 | 25 | |
-15 | -139 | -14 | -99 | 37 | -77 | -9 | |
-5 | 47 | -45 | -50 | -65 | -53 | -15 | |
Net Cash Flow | 6 | -5 | -0 | -13 | 6 | -3 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 49 | 79 | 66 | 74 | 80 | 54 | 53 |
Inventory Days | 30 | 36 | 17 | 26 | 50 | 58 | 58 |
Days Payable | 60 | 110 | 53 | 58 | 76 | 68 | 67 |
Cash Conversion Cycle | 18 | 6 | 30 | 41 | 55 | 44 | 44 |
Working Capital Days | 7 | 4 | 12 | 5 | 9 | 0 | 7 |
ROCE % | 5% | 11% | 11% | 9% | 14% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
3h - ICRA reaffirmed Munjal Auto ratings July 28, 2025: Long-term AA-; Short-term A1+.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - News paper publication for un audited standalone and consolidated financial result for the quarter ended June 30, 2025
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Announcement under Regulation 30 (LODR)-Change in Management
13 Aug - Q1 FY25-26 results approved; CFO resigns effective Oct 15, 2025; new CFO appointed from Oct 15, 2025.
- Result-Unaudited Financial Result For The Quarter Ended June 30, 2025 13 Aug
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Board Meeting Outcome for Outcome Of Board Meeting
13 Aug - Q1 FY25-26 results approved; CFO resignation effective Oct 15, 2025; new CFO appointed from same date.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
MAIL, part of the Hero Group, is predominantly owned by the Satyanand Munjal family with a 75% equity stake. The company manufactures sheet metal, composites, molds, components, and assemblies for various industries, including automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. Key automotive products include exhaust mufflers, fuel tanks, rims, and BIW parts for two and four-wheelers. In the renewable sector, MAIL produces windmill blades, molds, and other wind energy components.